Evan Spiegel is someone who got a little bit lucky. His parents were high ranking members of the venture capital society in the Bay area. When he came up with his idea for Snapchat, they knew all of the right people to help him have his project take off. People have great ideas all of the time but they do not have the financial backing to take their thing to the next level of popularity for all. Key Takeaways: As many people are using this particular platform, there comes a level of responsibility from management. Being able to understand how the young demographic is feeling is so important to them. Though he is the leader of one of the largest platforms on Earth, he is a human. "Spiegel shows great maturity here, admitting to impatient strategic moves and outlining a cohesive path forward. There's no talk of Snapchat ruling the social app world here. He seems to understand that's likely out of reach in the face of Instagram's competitive onslaught." Read more: